AXIOM MS LIMITED
Axiom MS Limited is a property holding company that operates as part of the Welsh electronics contract manufacturing group, Axiom Manufacturing Services.
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Cash
£8.1M
+2.4% highest in 3 filed years
Net assets
£37M
+10.3% highest in 3 filed years
Employees
326
+3.5% highest in 3 filed years
Profit before tax
£9.4M
+143.2% highest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £55,580,907 | £68,285,033 | £78,491,595 | +14.9% | |
| Operating profit | £1,777,384 | £3,869,219 | £9,351,617 | +141.7% | |
| Profit before tax | £1,858,204 | £3,845,911 | £9,351,641 | +143.2% | |
| Net profit | £1,687,084 | £3,115,885 | £7,182,104 | +130.5% | |
| Cash | £4,315,385 | £7,925,228 | £8,112,599 | +2.4% | |
| Total assets less current liabilities | £32,810,839 | £34,331,176 | £37,774,803 | +10% | |
| Net assets | £32,243,974 | £33,931,545 | £37,412,092 | +10.3% | |
| Equity | £32,243,974 | £33,931,545 | £37,412,092 | +10.3% | |
| Average employees | 301 | 315 | 326 | +3.5% | |
| Wages | £10,086,557 | £10,153,053 | £12,084,832 | +19% | |
| Directors' remuneration | £128,315 | £130,000 | £131,650 | +1.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.2% | 5.7% | 11.9% | |
| Net margin | 3.0% | 4.6% | 9.2% | |
| Return on capital employed | 5.4% | 11.3% | 24.8% | |
| Gearing (liabilities / total assets) | 46.0% | 48.1% | 43.1% | |
| Current ratio | 1.84x | 1.81x | 2.04x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Bevan Buckland Audit Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group's forecasts show that it is expected to be profitable at an EBITDA level and cash generative from its operating activities for the foreseeable future and that the Group and Company has the ability to remain within its committed lending facilities. Therefore, the Directors have prepared the financial statements on a going concern basis.”
Group structure
- AXIOM MS LIMITED · parent
- Axiom Manufacturing Services Ltd 100%
Significant events
- “Global supply chain issues particularly in the semiconductor market continued during 2025, and this has resulted in customers placing increased and longer orders with the company to secure key materials. These material constraints are expected to increase during 2026 as the major technology companies enhance their AI technology capabilities.”
- “The company continues to invest in the research and development of printed circuit board technology for its own use and for the benefit of its customer base.”
- “The global marketplace is seeing supply chain issues across many sectors, with this being reported widely in the press. The impact of this has been increased lead times which can in turn delay the manufacturing process.”
- “During the financial year, the Group's wholly owned subsidiary, Greeve, was struck off the register and ceased to exist as a legal entity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TUNG, Huaya Lu | Secretary | 2008-07-29 | — | American |
| LIU, James Zhen | Director | 2022-06-08 | Nov 1957 | Chinese |
| TUNG, Huaya Lu | Director | 2008-07-29 | Jan 1953 | American |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 2008-07-29 | 2009-07-14 |
| LIU, James Zhen | Director | 2022-04-30 | 2022-04-30 |
| SIT, Mei | Director | 2022-04-30 | 2022-06-08 |
| SIT, Mei | Director | 2008-07-29 | 2022-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| South Sea Petroleum Holdings Limited | Corporate entity | Significant influence | 2016-04-06 | Ceased 2019-08-29 |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-18 | AA | accounts | Accounts with accounts type group | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-20 | AA | accounts | Accounts with accounts type group | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type group | |
| 2023-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type group | |
| 2022-08-30 | AA | accounts | Accounts with accounts type group | |
| 2022-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-01 | AA | accounts | Accounts with accounts type group | |
| 2021-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-19 | AA | accounts | Accounts with accounts type group | |
| 2020-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.